Hibbett, Inc. (NASDAQ:HIBB) Given Average Rating of “Hold” by Brokerages

Hibbett, Inc. (NASDAQ:HIBB) has been given an average rating of “Hold” by the seven analysts that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $58.33.

A number of analysts have recently issued reports on HIBB shares. Benchmark reissued a “buy” rating and issued a $80.00 price objective on shares of Hibbett in a research note on Monday, August 28th. VNET Group reaffirmed an “initiates” rating on shares of Hibbett in a report on Thursday, June 29th. Bank of America lifted their target price on shares of Hibbett from $35.00 to $40.00 and gave the stock an “underperform” rating in a research note on Sunday, August 27th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $60.00 target price on shares of Hibbett in a research note on Monday, August 28th. Finally, StockNews.com assumed coverage on shares of Hibbett in a research note on Thursday, August 17th. They set a “hold” rating on the stock.

Institutional Trading of Hibbett

A number of institutional investors have recently modified their holdings of HIBB. DekaBank Deutsche Girozentrale bought a new stake in Hibbett in the first quarter worth $32,000. Quarry LP increased its holdings in shares of Hibbett by 138.7% in the first quarter. Quarry LP now owns 678 shares of the company’s stock valued at $40,000 after purchasing an additional 394 shares during the last quarter. Coppell Advisory Solutions Corp. acquired a new position in Hibbett in the 4th quarter valued at about $47,000. Belpointe Asset Management LLC purchased a new stake in shares of Hibbett during the 4th quarter worth $50,000. Finally, Acadian Asset Management LLC acquired a new position in Hibbett during the first quarter worth approximately $50,000. 94.08% of the stock is currently owned by hedge funds and other institutional investors.

Hibbett Price Performance

Shares of Hibbett stock opened at $47.22 on Monday. The firm has a market cap of $601.91 million, a price-to-earnings ratio of 5.59, a price-to-earnings-growth ratio of 0.73 and a beta of 1.60. Hibbett has a one year low of $34.86 and a one year high of $75.38. The stock’s 50-day moving average is $41.26 and its 200-day moving average is $50.02.

Hibbett (NASDAQ:HIBB) last issued its quarterly earnings results on Friday, August 25th. The company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.17. The firm had revenue of $374.90 million for the quarter, compared to analysts’ expectations of $375.96 million. Hibbett had a return on equity of 29.34% and a net margin of 6.43%. The business’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.86 EPS. On average, equities analysts expect that Hibbett will post 7.3 EPS for the current year.

Hibbett Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Investors of record on Thursday, September 7th will be given a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, September 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.12%. Hibbett’s dividend payout ratio (DPR) is presently 11.85%.

About Hibbett

Hibbett, Inc together with its subsidiaries, engages in the retail of athletic-inspired fashion products in the United States. Its stores offer a range of merchandise, including athletic footwear, athletic and fashion apparel, team sports equipment, and related accessories. The company operates Hibbett stores, City Gear stores, and Sports Additions athletic shoe stores.